There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

The U.S. Energy Information Administration released its short-term energy outlook this week, predicting that oil prices will continue to slide into next year. Brent crude, which averaged $71 per ...

Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures ...

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ...

OPEC+ will unwind its largest production cut next month by boosting output by 547,000 bpd. The group has left the future of production cuts uncertain after September. Geopolitical tensions, such as ...

These oil companies built their businesses to thrive at even lower oil prices. Oil prices have been on a downward spiral this year. WTI, the primary U.S. oil price benchmark, has fallen over 13% ...

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success. By Emmett Lindner The price of crude oil dropped to $62.46 a ...

Tom Kloza writes a monthly column examining how global energy trends affect New Jersey consumers. In 1974, I was a student and fraternity brother at St. Francis College in Pennsylvania. One of our ...

Forbes contributors publish independent expert analyses and insights. I analyze petroleum economics and energy policy. The internet is awash in skepticism about the supposed looming oil glut as ...

A BofA Global Research report sent to Rigzone recently noted that BofA sees 'a[n] [oil price] floor likely forming at $55 per barrel'. A BofA Global Research report sent to Rigzone by the BofA team ...